CHINA NPC: China Mobile: Have Been In Talks With Apple On iPhone
March 04 2010 - 11:28PM
Dow Jones News
China Mobile Ltd. (CHL) Chairman Wang Jianzhou said Friday the
telecommunications firm has been in talks on cooperating with Apple
Inc. (APPL) with regards to the U.S. firm's iPhone.
Apple's partner for the iPhone in China is China Unicom (Hong
Kong) Ltd. (CHU).
Wang also said China Mobile's planned investment in Shanghai
Pudong Development Bank Co. (600000.SH) will benefit shareholders
in both the short and long term.
So far, the planned deal meets regulatory requirements, Wang
said on the sidelines of the National People's Congress.
Earlier this week, China Mobile said it was in talks to buy a
stake in the medium-sized Chinese lender, in a potential deal that
could lead to its first major investment outside of its core mobile
business and help it to expand into mobile e-commerce.
At the time, Wang said the two companies had agreed on the stake
size, but other details are being ironed out.
China Mobile is the world's largest mobile operator by
subscribers.
-Zheng Xiaolu contributed to this article, Dow Jones Newswires;
(8610) 8400-7799; tracy.zheng@dowjones.com
China Mobile (NYSE:CHL)
Historical Stock Chart
From Sep 2024 to Oct 2024
China Mobile (NYSE:CHL)
Historical Stock Chart
From Oct 2023 to Oct 2024